# Corporation Tax Act 2010, Section 1113: “In respect of shares”

Extent: E+W+S+N.I.

(1) In this Part “in respect of shares in the company”, in relation to a company which is a member of a 90% group, means in respect of shares in—
(a) that company, or
(b) any other company in the group.
(2) Nothing in subsection (1) requires a company to be treated as making a distribution to any company which is in the same group and is UK resident.
(3) For the purposes of this Part a thing is regarded as done in respect of a share if it is done to a person—
(a) as the holder of the share, or
(b) as the person who held the share at a particular time.
(4) For the purposes of this Part a thing is also regarded as done in respect of a share if it is done in pursuance of a right granted, or an offer made, in respect of a share.
(5) Subsections (3) and (4) do not affect the meaning of “in respect of shares” in section 1054 (building society payments).
(6) In this section “90% group” means a company and all its 90% subsidiaries.

---
Source: https://www.legislation.gov.uk/ukpga/2010/4/section/1113 (the official version)
Page: https://openlegislation.uk/corporation-tax-act-2010/section-1113
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.